Eurazeo has acquired an 80 percent stake in the Belgian solar energy company Ikaros Solar. The shares were purchased from the founders and the Capenergie 2 fund, which is managed by Omnes Capital.
Ikaros Solar is the infrastructure team’s first investment in Eurazeo and aligns with the desire to invest in digital transformation and energy. Eurazeo has committed to investing up to 45 million euros.
Room 500 MW
Ikaros Solar develops, builds, owns and operates rooftop and ground solar installations in the Benelux, France, Portugal and the United Kingdom. The company has installed more than 200 MW of solar panels and has a 300 MW development pipeline.
Eurazeo is a global investment company with a portfolio of 27 billion euros invested in 450 companies. The company will support Ikaros Solar to become an independent European energy producer by providing growth capital to organically expand the business, as well as making additional acquisitions.
New strategy
Yves Davies, CEO of Ikaros Solar said: “We will work with Eurazeo SE to advance our development efforts to truly bring the pipeline to life in the coming years. Synergies with our solar expertise allow us to create optimal value for a variety of opportunities. We are paving the way for an efficient European energy transition. .
Martin Sishelko, Managing Director at Orazio added: “We are pleased to announce our first investment in a sub-sector of energy transmission that is pivotal to our mission, distributed renewable energy generation. Ikaros Solar supports the transition to a low carbon economy; An important pillar of Orazio’s new sustainable infrastructure strategy.
